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China Xi Jinping, president of China and also general secretary of the Communist Party of China Central Committee. (Li Gang/Xinhua via Getty Images) (Xinhua News Agency via Getty Ima)
The "loss of China" was the first major step in "America's decline." It had major policy consequences. [1] In a 2010 book review, Chinese American historian Miles Yu criticized the "endless fight over who got it right on China, whatever the Chinese reality. That is to say, in the peculiar debate on Communist China, the questions asked and the ...
"The pressure the U.S. is putting on China will become a good thing for China for the long term," agreed Wang Xiangwei, a former editor-in-chief of the Hong Kong-based newspaper South China ...
China has relied far too heavily on debt-fueled real estate projects to power its growth, which has now produced an ongoing real estate collapse some liken to a “Lehman Brothers moment” for China.
Chinese leader Xi Jinping with U.S. President Joe Biden at the 17th G20 in Bali, November 2022. [1]The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949.
In just one year, China's trade surplus with the US alone rose to $335.5 billion in 2021, up from $308.1 billion in 2020. [ 12 ] [ 13 ] The supply chain crisis is a major contributing factor in the 2022 United States infant formula shortage , [ 14 ] the tampon shortage [ 15 ] and various drugs shortages.
The crisis at the heavily-indebted property giant deepened as a Hong Kong court ordered it to be wound up.
Paul Kennedy posits that continued deficit spending, especially on military build-up, is the single most important reason for decline of any great power. The costs of the wars in Iraq and Afghanistan were as of 2017 estimated to run as high as $4.4 trillion, which Kennedy deems a major victory for Osama bin Laden, whose announced goal was to humiliate America by showcasing its casualty ...